James Leipold

Last month, the National Association for Law Placement (NALP) released information about the overall employment rate for the class of 2011 — information that seemed dismal, at best. The American Bar Association then followed up with its own employment data, and it was “just as dire” as everyone expected, if not worse.

We know that the overall employment rate for the class of 2011 is lower than it’s been in 17 years. But even members of the class of 2011 who managed to secure employment have been screwed. Median starting salaries for new law school graduates have dropped by 35% over the past two years.

Since prospective law students are not great with facts and numbers, NALP was kind enough to put together some pretty pictures to help people understand….

double red triangle arrows Continue reading “Starting Salaries Are Swirling Down The Drain”

We try to provide some balance in our coverage of law schools. Last night, for example, we posted our latest round of law school success stories, to balance some of the more depressing fare in our pages — such as the $10K a year lawyer job being offered to Boston College Law School students, which the law school defended vigorously.

At the same time, we have to report the reality that’s before us. And that reality isn’t always pretty.

Which brings us to today’s topic, the latest employment data from our friends at the National Association for Law Placement (NALP)….

double red triangle arrows Continue reading “How Did the Class of 2011 Fare in the Legal Job Market?”

Obtaining a summer associate position at a major law firm remains difficult. That’s the upshot of a recent report (PDF) issued by our friends at NALP. You can read summaries of the report at the NALP website and at the ABA Journal. This quip, by NALP executive director Jim Leipold, pretty much says it all: “This is not a hot recruiting market.”

Given that employers are still in the driver’s seat, at least when it comes to entry-level recruiting — recruiting of lateral lawyers, whether associates or partners, is a different kettle of fish — you’d think that law firms would use this opportunity to experiment a bit with fall recruiting. There are some interesting alternatives out there to the standard model of 20- to 30-minute screening interviews, typically held in the summer before or early fall of the 2L year, followed by callback interviews at the firms. E.g., JD Match (disclosure: a past ATL advertiser).

But law firms, as we know, are a conservative group. They tend to stick with existing models, even if those models are imperfect.

Well, most law firms. Nobody ever accused Quinn Emanuel of not daring to be different….

double red triangle arrows Continue reading “Quinn Emanuel Takes a New Approach to On-Campus Recruiting”

“[T]he new NALP numbers confirm that the job market is terrible for young lawyers (aka the “lost generation”).” I wrote that last year about the class of 2009.

And last year things were way better than this year. This year’s NALP employment numbers are out, and they show that the class of 2010 had some of the worst employment outcomes of the last 20 years.

No wonder people are suing their law schools. Going to law school turned out to be a terrible decision for many of them….

double red triangle arrows Continue reading “Latest Job Data From NALP Confirm That Class of 2010 Is Lost”

Breaking news: law school is expensive. Really, really expensive. Much more expensive than it used to be.

Are there still people out there who don’t know that? I mean, we’re certainly at the point where you don’t deserve sympathy if you go to law school without understanding the financial ramifications of your decision. The truth is out there, people.

And the truth hurts. The Hartford Business Journal (gavel bang: ABA Journal) reports that law school debt has reached a beyond ridiculous, all-time high…

double red triangle arrows Continue reading “Unbelievable Amount of Debt for Law Graduates”

Page 2 of 212